WDC News and Press, Western Digital Corporation From 05/03/22

Elliott Investment Management Sends Letter to the Board of Western Digital Corporation PR Newswire Calls for Full Strategic Review, Separation of Flash Business Sees $100+ per Share by 2023, ~100% Potential Upside Offers $1+ Billion of Incremental Equit...

The following slide deck was published by Western Digital Corporation in conjunction with their 2022 Q3 earnings call. For further details see: Western Digital Corporation 2022 Q3 - Results - Earnings Call Presentation

We analyzed the company’s diversified revenue streams from its business segments and expect its largest segment (Mobile) revenue growth at 5.8% through to 2026. For its semiconductor business, we expect its growth to be driven by robust growth in the DRAM (34%) and NAND (26%) m...

Western Digital (NASDAQ:WDC) shares rose Friday morning after the storage company posted first-quarter results that topped estimates and analysts said the risk-reward for the stock is still attractive. Wells Fargo analyst Aaron Rakers, who rates Western Digital (WDC) buy with a per-share pric...

Image source: The Motley Fool. Western Digital (NASDAQ: WDC) Q3 2022 Earnings Call Apr 28, 2022 , 4:30 p.m. ET Operator Continue reading For further details see: Western Digital (WDC) Q3 2022 Earnings Call Transcript

Western Digital Corporation (WDC) Q3 2022 Earnings Conference Call April 28, 2022 4:30 PM ET Company Participants Peter Andrew - Vice President, Financial Planning and Analysis and Investor Relations David Goeckeler - Chief Executive Officer Wissam Jabre - Chief Financial Officer Conference C...

Western Digital press release (NASDAQ:WDC): Q3 Non-GAAP EPS of $1.65 beats by $0.16. Revenue of $4.38B (+5.8% Y/Y) beats by $40M. Q4 Guidance: Revenue to range between $4.50 - $4.70B vs,. consensus of $4.55B Gross Margin of 30.0% - 32.0% Non-GAAP EPS of $1.60 - $1.90 vs. consensus of $1....

News Summary Revenue was $4.38 billion, up 6% year-over-year (YoY). Cloud revenue increased by 25%, Client revenue declined by 2%, and Consumer revenue declined 8% YoY. GAAP earnings per share (EPS) was $0.08 and Non-GAAP EPS was $1.65. Generated operating cash...

The share of Memory and Storage has increased from 20% of the semiconductor market in CY15 to 30% in CY21. Supply discipline will lead to slowing of Moore's law, which augurs well for this industry. Micron is uniquely placed to gain from data center expansion, cloud adoption, move...

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